Prop Firm Pick

The5%ers Discount Code

The5%ers is a proprietary trading firm that offers funded accounts and growth opportunities for forex and financial market traders. It provides traders with capital to trade while sharing profits through tiered profit splits, which can scale up to 100%. The firm features various programs, such as Bootcamp, Hyper-Growth, and High Stakes, each tailored to different trader skill levels and strategies. The5%ers emphasizes a structured scaling plan, bi-weekly payouts, and adherence to specific trading rules. Its mission is to support traders in achieving long-term success with minimal financial risk.

Country
Israel
Review
Year Created
2016
CEO
Saul Lokier

Firm Overview

Broker:
Commercial Liquidity Provider
Platforms:
MT5

Consistency Rules

N/A

Firm Rules

Trading Rules and Guidelines

News Trading

  • Hyper-Growth and Bootcamp: Allowed, except for bracket strategies around news.
  • High Stakes: Placing orders 2 minutes before or after high-impact news is prohibited.

Copy Trading

  • Permitted for High Stakes and Hyper-Growth accounts with restrictions.
    • Once managing over $500K, taking identical trades across accounts is no longer allowed.
    • Copy trading from external accounts is permitted only if the account belongs to the same trader.
    • Third-party copy trading is strictly prohibited.

Expert Advisors (EAs)

  • Allowed if they comply with the terms and conditions.

High Stakes Program Requirements

  • Traders must have at least 3 profitable days.
  • A profitable day is defined as one where closed positions yield a profit of at least 0.5% of the initial balance.

Bootcamp Rules

  • Stop-Loss (SL):
    • Required for all positions and orders.
    • Must not risk more than 2% of the account balance per position.
  • Daily Pause:
    • A 3% daily pause (“soft breach”) applies during the funded stage.
    • Violations include opening positions without an SL or exceeding the 2% risk limit.

Prohibited Practices

  • One-sided bets: Consistently taking positions in a single direction without considering market conditions.
  • Exploiting price discrepancies (arbitrage).
  • Using bracket strategies by placing pending orders around high-impact news.
  • Exploiting system errors, such as price display inaccuracies or delays.

Inactivity Rule

  • Accounts with no new orders for 30 consecutive calendar days will expire.

Payout Policy

Profit Split Details for The5ers Programs

Bootcamp and Hyper-Growth Programs

  • Traders begin with a 50% profit split.
  • This can increase to 75% at the next stage of the scaling plan.
  • Profit splits can be scaled up to a maximum of 100%.

High Stakes Program

  • Traders start with an 80% profit split.
  • The profit split can also be scaled up to 100%.

Payout Frequency

  • Traders can withdraw their profits bi-weekly.